You turn to Accordion.
Accordion steps in to assess the state of the business and consider various strategic alternatives. We determine the timeline and liquidity required to restore your business to break even, develop a detailed 90-day stabilization plan with specific action items and timelines, and oversee the execution of the plan. We partner with your team to get you back on the path to profitability through a top-down turnaround of the company operations. Specifically, we:
- Provide interim control of company operations, supporting the CEO, CFO, and the rest of the senior leadership team in their daily functions.
- Oversee all aspects of the 90-day turnaround plan, including various cost reduction and revenue growth initiatives, while level-setting expectations with the sponsor and helping to maintain reasonable targets and timelines.
- Reposition the business to focus on growing its profitable B2B/white-label wine production business, while transitioning certain key wholesale accounts to more favorable fulfillment models. To this point, we also refine the go-to-market strategy for white-label production services, restoring the company’s competitiveness.
- Lead discussions with key suppliers to reduce costs and improve terms.
- Help the sponsor evaluate various strategic alternatives to maximize recovery.
Your value is enhanced.
With a detailed plan in place and someone to drive execution, your management team is able to focus its attention on certain key areas, reducing overhead costs, and getting the business back on the path to profitability.